Consumption per capita 43 Appendices Conversion factors 44 Definitions 44 Further information 45

Quantifying energy BP Statistical Review of World Energy June 2006

Introduction Group chief executive s introduction 1 2005 in review 2 Oil Reserves 6 Production 8 Consumption 11 Regional consumption by product group 14 Prices 16 Stocks 17 Refining 18 Trade movements 20 Natural gas Reserves 22 Production 24 Consumption 27 Trade movements 30 Prices 31 Coal Reserves 32, 33 Prices 32 Production 33, 34 Consumption 33, 35 Nuclear energy Consumption 36 Hydroelectricity Consumption 38 Primary energy Consumption 40 Consumption by fuel 41 Fossil fuel reserves-toproduction (R/P) ratios 43 Consumption per capita 43 Appendices Conversion factors 44 Definitions 44 Further information 45 Find out more online BP Statistical Review of World Energy June 2006 is available online at www.bp.com/statisticalreview. The website contains all the tables and charts found in the latest printed edition, plus a number of extras, including: Historical data from 1965 for many sections. Additional data for natural gas, coal, hydroelectricity, nuclear energy, electricity and renewables. An energy charting tool, where you can view predetermined reports or chart-specific data according to energy type, region and year. An oil, natural gas and LNG conversion calculator. PDF versions and PowerPoint slide packs of the charts, maps and graphs, plus an Excel workbook of the historical data. German and Russian versions of the Review. About the Review For 55 years, the BP Statistical Review of World Energy has provided high-quality, objective and globally consistent data of world energy markets. The Review is one of the most widely respected and authoritative publications in the field of energy economics, used for reference by the media, academia, world governments and energy companies. A new edition is published every June. About BP BP is one of the world s largest oil and gas companies, serving about 13 million customers in more than 100 countries across six continents. Our business segments are Exploration and Production; Refining and Marketing; and Gas, Power and Renewables. Through these business segments, we provide fuel for transportation, retail brands and energy for heat and light. The data series for proved oil and gas reserves in BP Statistical Review of World Energy June 2006 does not necessarily meet the definitions, guidelines and practices used for determining proved reserves at company level, for instance, under UK accounting rules contained in the Statement of Recommended Practice, Accounting for Oil and Gas Exploration, Development, Production and Decommissioning Activities (UK SORP) or as published by the US Securities and Exchange Commission, nor does it necessarily represent BP s view of proved reserves by country. Rather the data series has been compiled using a combination of primary official sources and third-party data. Canadian oil sands under active development have been included in proved oil reserves.

2005 was a third consecutive year of rising energy prices. Tight capacity, extreme weather, continued conflict in the Middle East, civil strife elsewhere and growing interest in energy among financial investors led to rising prices. These increases, along with growing public concern about energy security and climate change, kept our industry in the headlines throughout the year. This Review the 55th in the series presents the facts behind those headlines. Although real oil prices remained below the peak of the early 1980s, 2005 saw the annual average price measured in nominal terms for a barrel of Brent crude oil exceed $50 a barrel for the first time, with an increase of more than 40% over the 2004 figure. Natural gas prices also rose around the world, with nominal average prices in the USA and UK exceeding $6 per million Btu for the first time. Although energy prices have increased, there has been no physical shortage of either oil or gas. The market has worked effectively in maintaining supplies, even after the dramatic and disruptive effects of the hurricanes that hit the US Gulf Coast in the summer albeit at higher prices. Concern about energy security nonetheless is widespread. Capacity in most segments of the energy industry remains constrained and perceptions of geopolitical risk have increased. Non-OPEC crude oil production stagnated last year as a result of slower Russian production growth, production declines in mature provinces and hurricane-related losses. Carbon emissions continued to increase, along with energy consumption. There have been positive developments in energy markets during the past year. So far, the international economy has proved surprisingly resilient to higher energy prices and continued to grow. While access to energy resources is an area of continuing uncertainty, global proved reserves of oil and gas have continued to increase. The European Union s Emissions Trading Scheme has provided carbon prices via an organized international market for the first time. In this challenging environment, good information is essential. This Review provides timely and unbiased data on which the necessary decisions facing policy-makers and businesses around the world can be taken. In addition to the printed version, supporting data is available on our website at www.bp.com/statisticalreview. I would like to thank all those across the world whose co-operation and support make this publication possible. I hope you will find the Review of interest and value. The Lord Browne of Madingley Group Chief Executive June 2006 Group chief executive s introduction BP Statistical Review of World Energy June 2006 1

2005 in review Crude oil, natural gas and coal prices all hit record (nominal) levels in 2005. Combined with a modest reduction in global economic growth, this resulted in a slowdown in energy consumption growth. World primary energy consumption in 2005 increased b7y 2. % Energy developments World primary energy consumption increased by 2.7% in 2005, below the previous year s strong growth of 4.4% but still above the 10-year average. Growth slowed from 2004 in every region and for every fuel. The strongest increase was again in the Asia Pacific region, which rose by 5.8%, while North America once more recorded the weakest growth, at 0.3%. US consumption fell slightly, while China accounted for more than half of global energy consumption growth. 2

Oil The Brent dated oil price averaged $54.52 per barrel in 2005, more than 40% above the 2004 average. Prices exceeded $60 per barrel for the first time in early August. Prices reached a daily peak of more than $67 in mid-august, before Hurricanes Katrina and Rita struck the US Gulf Coast. The closure of US refineries after the hurricanes helped narrow the differential between Brent and West Texas Intermediate in 2005. Differentials versus heavy sour crudes again were wider than historic averages as the world s refining system remained limited in its ability to process incremental volumes of heavy sour crudes. Global oil consumption grew by 1.3% in 2005, below the 10-year average and a marked slowdown from the strong growth (+3.6%) seen in 2004. Consumption rose by 1 million barrels per day (b/d) to reach 82.5 million b/d. Chinese consumption, which grew by nearly 1 million b/d in 2004, rose by only 200,000b/d. US consumption declined by 75,000b/d. OPEC producers gained market share, accounting for nearly all the net increase in global production, as output rose by 900,000b/d. Saudi Arabia utilized both existing and newly installed production capacity to increase output to 11 million b/d. Kuwait and Qatar each increased output by at least 100,000b/d. Iraqi production declined by nearly 200,000b/d. Oil production outside OPEC was flat, the weakest performance since 1993. OECD output fell by 950,000b/d, the largest contraction ever recorded. Output in the USA fell by 400,000b/d, with much of the decline owing to hurricane-related losses. Output in both the UK and Norway fell by more than 200,000b/d. These declines were offset by rising non-oecd production. Russian production increased again, but at a reduced rate. Output grew by 260,000b/d, one-third of the growth seen in 2004. New deepwater production pushed Angolan output up by more than 250,000b/d. Azerbaijan, Brazil and China each increased production by at least 100,000b/d. BP Statistical Review of World Energy June 2006 3

World natural gas consumption grew by 2.3 % Natural gas World natural gas consumption grew by 2.3% in 2005, more slowly than in 2004 but close to the 10-year average. North America was the only region to see consumption decline. In the USA, the world s largest consumer, gas use declined by 1.5%. The continued growth in gas consumed for power generation was more than offset by a decline in industrial use, which in turn was exacerbated by the price spikes and the interruption of business activity following the hurricanes. Gas use in the UK, the world s third-largest consumer, declined by 2.2%. Elsewhere, gas consumption rose by 3.8%, with the largest gains in China, southern Europe and India. Gas production rose by 2.5% in 2005, despite declines in the USA and the European Union. The USA had the world s largest production decline, owing to hurricane-related losses. In Europe, declining UK and Dutch production was offset by continued increases in Russia and Norway. China s production increase was the largest in the world. International trade in natural gas continued to grow robustly in 2005, rising by 6.4%, close to the 10-year average. Pipeline shipments also rose by 6.4%. While a large number of producers increased pipeline shipments, the largest increments were recorded by Norway, Algeria, Libya and Russia. Liquefied natural gas (LNG) shipments rebounded in 2005, rising by 6.4%. Egypt became an LNG exporter in 2005 and shipments from Qatar, Australia and Malaysia increased significantly. US LNG imports declined slightly, while European LNG imports rose by 19%. Asian LNG consumption continued to increase, with the ramp-up of Indian imports the key driver. 4

Coal was again the world s fastest-growing fuel, with 5global consumption rising by % Other fuels Coal was again the world s fastest-growing fuel, with global consumption rising by 5% or twice the 10-year average. Consumption in China, the world s largest consumer, rose by 11%. China accounted for 80% of global growth. Consumption growth in the USA was also above average, while growth in the rest of the world was close to the 10-year average. Nuclear power consumption stagnated in 2005, rising by 0.6%, below the 10-year average of 1.8%. Output remains near capacity and few new plants have come on line. Global hydroelectric generation rose by 4.2%, the second consecutive above-average year. Growth was boosted by new capacity in China, where output rose by 13.7%. Elsewhere, growth in northern Europe, Brazil and Canada offset declines owing to low rainfall across southern Europe and parts of the USA. Acknowledgements We express our gratitude to our numerous contacts worldwide who provide the basic data for this publication. BP Statistical Review of World Energy June 2006 5

Oil Proved reserves At end 1985 At end 1995 At end 2004 At end 2005 Thousand Thousand Thousand Thousand Thousand million million million million million Share R/P barrels barrels barrels tonnes barrels of total ratio USA 36.4 29.8 29.3 3.6 29.3 2.4% 11.8 Canada 9.6 10.5 16.5 2.3 16.5 1.4% 14.8 Mexico 55.6 48.8 14.8 1.9 13.7 1.1% 10.0 Total North America 101.5 89.0 60.6 7.8 59.5 5.0% 11.9 Argentina 2.2 2.4 2.3 0.3 2.3 0.2% 8.7 Brazil 2.2 6.2 11.2 1.6 11.8 1.0% 18.8 Colombia 1.2 3.0 1.5 0.2 1.5 0.1% 7.3 Ecuador 1.1 3.4 5.1 0.7 5.1 0.4% 25.6 Peru 0.6 0.8 1.1 0.1 1.1 0.1% 27.1 Trinidad & Tobago 0.6 0.7 0.8 0.1 0.8 0.1% 13.0 Venezuela 54.5 66.3 79.7 11.5 79.7 6.6% 72.6 Other S. & Cent. America 0.5 1.1 1.3 0.2 1.3 0.1% 24.8 Total S. & Cent. America 62.9 83.8 103.0 14.8 103.5 8.6% 40.7 Azerbaijan n/a n/a 7.0 1.0 7.0 0.6% 42.4 Denmark 0.4 0.9 1.3 0.2 1.3 0.1% 9.3 Italy 0.6 0.7 0.8 0.1 0.7 0.1% 17.0 Kazakhstan n/a n/a 39.6 5.4 39.6 3.3% 79.6 Norway 5.6 10.8 9.7 1.3 9.7 0.8% 8.9 Romania 1.4 1.0 0.5 0.1 0.5 11.3 Russian Federation n/a n/a 72.4 10.2 74.4 6.2% 21.4 Turkmenistan n/a n/a 0.5 0.1 0.5 7.8 United Kingdom 5.6 4.5 4.0 0.5 4.0 0.3% 6.1 Uzbekistan n/a n/a 0.6 0.1 0.6 12.9 Other Europe & Eurasia 65.0 63.6 2.2 0.3 2.2 0.2% 12.9 Total Europe & Eurasia 78.6 81.5 138.7 19.2 140.5 11.7% 22.0 Iran 59.0 93.7 132.7 18.9 137.5 11.5% 93.0 Iraq 65.0 100.0 115.0 15.5 115.0 9.6% * Kuwait 92.5 96.5 101.5 14.0 101.5 8.5% * Oman 4.1 5.2 5.6 0.8 5.6 0.5% 19.6 Qatar 4.5 3.7 15.2 2.0 15.2 1.3% 38.0 Saudi Arabia 171.5 261.5 264.3 36.3 264.2 22.0% 65.6 Syria 1.5 2.6 3.2 0.4 3.0 0.2% 17.5 United Arab Emirates 33.0 98.1 97.8 13.0 97.8 8.1% 97.4 Yemen 0.1 0.1 2.9 0.4 2.9 0.2% 18.3 Other Middle East 0.2 0.1 0.1 0.1 4.6 Total Middle East 431.3 661.5 738.2 101.2 742.7 61.9% 81.0 Algeria 8.8 10.0 11.8 1.5 12.2 1.0% 16.6 Angola 2.0 3.1 9.0 1.2 9.0 0.8% 19.9 Chad 0.9 0.1 0.9 0.1% 14.3 Rep. of Congo (Brazzaville) 0.8 1.3 1.8 0.3 1.8 0.1% 19.3 Egypt 3.8 3.8 3.6 0.5 3.7 0.3% 14.6 Equatorial Guinea 0.6 1.8 0.2 1.8 0.1% 13.6 Gabon 0.7 1.5 2.2 0.3 2.2 0.2% 25.8 Libya 21.3 29.5 39.1 5.1 39.1 3.3% 63.0 Nigeria 16.6 20.8 35.9 4.8 35.9 3.0% 38.1 Sudan 0.3 0.3 6.4 0.9 6.4 0.5% 46.3 Tunisia 1.8 0.4 0.7 0.1 0.7 0.1% 25.2 Other Africa 1.0 0.7 0.6 0.1 0.6 12.0 Total Africa 57.0 72.0 113.8 15.2 114.3 9.5% 31.8 Australia 2.9 4.0 4.0 0.5 4.0 0.3% 20.0 Brunei 1.4 1.1 1.1 0.2 1.1 0.1% 14.9 China 17.1 16.3 16.0 2.2 16.0 1.3% 12.1 India 3.8 5.5 5.6 0.8 5.9 0.5% 20.7 Indonesia 9.2 5.0 4.3 0.6 4.3 0.4% 10.4 Malaysia 3.5 5.2 4.3 0.5 4.2 0.3% 13.9 Thailand 0.1 0.3 0.5 0.1 0.5 5.2 Vietnam 0.8 3.1 0.4 3.1 0.3% 21.8 Other Asia Pacific 1.1 1.0 0.8 0.1 1.0 0.1% 13.2 Total Asia Pacific 39.1 39.2 39.8 5.4 40.2 3.4% 13.8 TOTAL WORLD 770.4 1027.0 1194.1 163.6 1200.7 100.0% 40.6 of which: OECD 118.6 111.3 81.8 10.6 80.6 6.7% 11.2 OPEC 535.8 785.1 897.4 123.2 902.4 75.2% 73.1 Non-OPEC 172.0 179.8 175.8 23.5 175.4 14.6% 13.6 Former Soviet Union 62.7 62.1 120.9 16.8 122.9 10.2% 28.4 *More than 100 years. Less than 0.05. Less than 0.05%. Excludes Former Soviet Union. n/a not available. Notes: Proved reserves of oil Generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions. Reserves-to-production (R/P) ratio If the reserves remaining at the end of any year are divided by the production in that year, the result is the length of time that those remaining reserves would last if production were to continue at that level. Source of data The estimates in this table have been compiled using a combination of primary official sources, third-party data from the OPEC Secretariat, World Oil, Oil & Gas Journal and an independent estimate of Russian reserves based on information in the public domain. The reserves figures shown do not necessarily meet the definitions, guidelines and practices used for determining proved reserves at the company level, for instance, those published by the US Securities and Exchange Commission or recommended for the purposes of UK SORP, nor do they necessarily represent BP s view of proved reserves by country. The figure for Canadian oil reserves includes an official estimate of Canadian oil sands under active development. Oil includes gas condensate and natural gas liquids as well as crude oil. For the purposes of this table, shares of total are calculated using thousand million barrels figures. 6

Proved reserves at end 2005 Thousand million barrels Middle East 742.7 Asia Pacific 40.2 North America 59.5 S. & Cent. America 103.5 Africa 114.3 Europe & Eurasia 140.5 Distribution of proved reserves in 1985, 1995 and 2005 Percentage 3.8% 5.0% 3.4% 8.7% 64.4% 8.6% 61.9% 5.1% 13.2% 56.0% 8.2% 9.5% 8.2% 7.0% 7.4% 7.9% 11.7% 10.2% 1985 total 770.4 Thousand million barrels 1995 total 1027.0 Thousand million barrels 2005 total 1200.7 Thousand million barrels Middle East Europe & Eurasia Africa S. & Cent. America North America Asia Pacific BP Statistical Review of World Energy June 2006 7

Change 2005 2005 over share Production* Thousand barrels daily 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2004 of total USA 8322 8295 8269 8011 7731 7733 7669 7626 7400 7228 6830 5.5% 8.0% Canada 2402 2480 2588 2672 2604 2721 2677 2858 3004 3085 3047 1.3% 3.7% Mexico 3065 3277 3410 3499 3343 3450 3560 3585 3789 3824 3759 1.6% 4.8% Total North America 13789 14052 14267 14182 13678 13904 13906 14069 14193 14137 13636 3.5% 16.5% Argentina 758 823 877 890 847 819 830 818 806 754 725 3.9% 0.9% Brazil 718 807 868 1003 1133 1268 1337 1499 1555 1542 1718 11.1% 2.2% Colombia 591 635 667 775 838 711 627 601 564 551 549 0.4% 0.7% Ecuador 395 393 397 385 383 409 416 401 427 535 541 1.1% 0.7% Peru 123 121 120 116 107 100 98 98 92 94 111 11.5% 0.1% Trinidad & Tobago 142 141 135 134 141 138 135 155 164 152 171 13.6% 0.2% Venezuela 2959 3137 3321 3480 3126 3239 3141 2916 2607 2972 3007 1.1% 4.0% Other S. & Cent. America 96 102 108 125 124 130 137 152 153 144 142 2.4% 0.2% Total S. & Cent. America 5782 6159 6493 6908 6699 6813 6721 6640 6367 6745 6964 3.0% 9.0% Azerbaijan 185 183 185 230 278 281 300 311 313 317 452 42.8% 0.6% Denmark 186 208 230 238 299 363 348 371 368 390 377 3.3% 0.5% Italy 101 104 114 108 96 88 79 106 107 105 118 12.2% 0.2% Kazakhstan 434 474 536 537 631 744 836 1018 1111 1297 1364 4.3% 1.6% Norway 2903 3232 3280 3138 3139 3346 3418 3333 3264 3188 2969 7.5% 3.5% Romania 145 142 141 137 133 131 130 127 123 119 114 4.5% 0.1% Russian Federation 6288 6114 6227 6169 6178 6536 7056 7698 8544 9287 9551 2.7% 12.1% Turkmenistan 84 90 108 129 143 144 162 182 202 193 192 0.5% 0.2% United Kingdom 2749 2735 2702 2807 2909 2667 2476 2463 2257 2028 1808 11.0% 2.2% Uzbekistan 172 174 182 191 191 177 171 171 166 152 126 16.9% 0.1% Other Europe & Eurasia 575 546 524 506 474 466 466 501 509 496 463 6.8% 0.6% Total Europe & Eurasia 13822 14003 14228 14190 14472 14942 15443 16281 16965 17572 17534 0.3% 21.7% Iran 3744 3759 3776 3855 3603 3818 3730 3414 3999 4081 4049 0.8% 5.1% Iraq 530 580 1166 2126 2541 2583 2376 2035 1339 2010 1820 9.5% 2.3% Kuwait 2130 2129 2137 2176 2000 2104 2070 1995 2329 2481 2643 6.5% 3.3% Oman 868 897 909 905 911 959 961 900 823 785 780 0.6% 1.0% Qatar 461 568 719 747 797 855 854 783 917 990 1097 9.0% 1.3% Saudi Arabia 9127 9265 9481 9544 8911 9511 9263 8970 10222 10588 11035 4.3% 13.5% Syria 596 586 577 576 579 548 581 545 562 529 469 11.4% 0.6% United Arab Emirates 2362 2438 2567 2643 2511 2626 2534 2324 2611 2656 2751 3.7% 3.3% Yemen 351 357 375 380 405 450 455 457 448 420 426 1.3% 0.5% Other Middle East 52 50 50 49 48 48 47 48 48 48 48 0.1% Total Middle East 20222 20628 21758 23001 22306 23501 22871 21471 23296 24588 25119 2.0% 31.0% Algeria 1327 1386 1421 1461 1515 1578 1562 1680 1852 1946 2015 3.8% 2.2% Angola 633 716 741 731 745 746 742 905 885 986 1242 26.0% 1.6% Cameroon 106 110 124 105 95 88 81 75 68 62 58 6.1% 0.1% Chad 24 168 173 3.0% 0.2% Rep. of Congo (Brazzaville) 180 200 225 264 293 275 271 258 243 240 253 5.5% 0.3% Egypt 924 894 873 857 827 781 758 751 749 721 696 3.9% 0.9% Equatorial Guinea 7 17 62 85 96 117 173 210 234 329 355 7.9% 0.5% Gabon 356 365 364 337 340 327 301 295 240 235 234 0.2% 0.3% Libya 1439 1452 1489 1480 1425 1469 1421 1374 1486 1607 1702 5.9% 2.1% Nigeria 1998 2145 2316 2167 2066 2155 2274 2103 2263 2502 2580 3.1% 3.2% Sudan 2 5 9 12 63 174 211 233 255 325 379 16.6% 0.5% Tunisia 90 89 81 83 84 78 71 75 68 72 74 3.4% 0.1% Other Africa 51 62 64 63 56 56 53 63 71 75 72 3.0% 0.1% Total Africa 7112 7441 7768 7644 7606 7844 7918 8022 8438 9266 9835 6.2% 12.0% Australia 583 619 669 644 625 809 733 731 624 541 554 2.0% 0.6% Brunei 175 165 163 157 182 193 203 210 214 211 206 2.0% 0.3% China 2989 3170 3211 3212 3213 3252 3306 3346 3401 3481 3627 4.2% 4.6% India 804 778 800 787 788 780 780 801 798 816 784 4.1% 0.9% Indonesia 1578 1580 1557 1520 1408 1456 1389 1288 1183 1152 1136 1.4% 1.4% Malaysia 775 773 777 779 751 754 748 785 831 857 827 4.3% 0.9% Thailand 87 97 116 121 132 164 174 191 223 220 276 25.2% 0.3% Vietnam 155 179 205 245 296 328 350 354 364 427 392 8.2% 0.5% Other Asia Pacific 230 245 229 217 218 200 195 193 195 186 199 6.9% 0.2% Total Asia Pacific 7375 7607 7727 7684 7613 7936 7877 7899 7832 7890 8000 1.2% 9.8% TOTAL WORLD 68102 69889 72241 73608 72373 74941 74736 74382 77091 80198 81088 1.0% 100.0% of which: OECD 20734 21355 21660 21492 21095 21514 21297 21422 21156 20716 19763 4.7% 23.8% OPEC 27654 28438 29950 31198 29903 31393 30614 28882 30806 32985 33836 2.5% 41.7% Non-OPEC 33151 34280 34915 35020 34919 35535 35463 35968 35787 35805 35408 1.1% 43.4% Former Soviet Union 7297 7171 7377 7391 7551 8013 8659 9533 10499 11409 11844 3.7% 14.8% *Includes crude oil, shale oil, oil sands and NGLs (natural gas liquids the liquid content of natural gas where this is recovered separately). Excludes liquid fuels from other sources such as coal derivatives. Excludes Former Soviet Union. Less than 0.05%. Notes: Annual changes and shares of total are calculated using million tonnes per annum figures rather than thousand barrels daily. Growth rates are adjusted for leap years. Because of rounding, some totals may not agree exactly with the sum of their component parts. 8

Change 2005 2005 over share Production* Million tonnes 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2004 of total USA 383.6 382.1 380.0 368.1 352.6 352.6 349.2 346.9 338.4 329.2 310.2 5.5% 8.0% Canada 111.9 115.5 120.7 125.1 121.0 126.9 126.1 135.0 142.7 147.6 145.2 1.3% 3.7% Mexico 150.5 162.6 169.7 173.5 165.2 171.2 176.6 178.4 188.8 190.7 187.1 1.6% 4.8% Total North America 646.0 660.1 670.4 666.7 638.8 650.8 651.9 660.2 669.8 667.4 642.5 3.5% 16.5% Argentina 37.5 40.8 43.4 44.0 41.8 40.4 41.5 40.9 40.2 37.8 36.2 3.9% 0.9% Brazil 35.5 40.2 43.1 49.8 56.3 63.2 66.3 74.4 77.0 76.5 84.7 11.1% 2.2% Colombia 29.5 31.8 33.2 38.5 41.6 35.3 31.0 29.7 27.9 27.3 27.1 0.4% 0.7% Ecuador 20.1 20.0 20.2 19.6 19.5 20.9 21.2 20.4 21.7 27.3 27.6 1.1% 0.7% Peru 6.1 6.0 5.9 5.7 5.2 4.9 4.8 4.8 4.5 4.4 4.9 11.5% 0.1% Trinidad & Tobago 7.0 7.0 6.7 6.7 7.0 6.8 6.5 7.5 7.9 7.3 8.3 13.6% 0.2% Venezuela 152.4 162.2 171.4 179.6 160.9 167.3 161.6 149.9 134.2 153.4 154.7 1.1% 4.0% Other S. & Cent. America 4.6 5.0 5.3 6.2 6.2 6.6 6.9 7.8 7.8 7.3 7.1 2.4% 0.2% Total S. & Cent. America 292.8 312.9 329.1 350.0 338.4 345.3 339.8 335.3 321.1 341.3 350.6 3.0% 9.0% Azerbaijan 9.2 9.1 9.2 11.4 13.8 14.0 14.9 15.4 15.5 15.7 22.4 42.8% 0.6% Denmark 9.1 10.2 11.2 11.6 14.6 17.7 17.0 18.1 17.9 19.1 18.4 3.3% 0.5% Italy 5.2 5.5 6.0 5.6 5.0 4.6 4.1 5.5 5.6 5.5 6.1 12.2% 0.2% Kazakhstan 20.6 23.0 25.8 25.9 30.1 35.3 40.1 48.2 52.4 60.6 63.0 4.3% 1.6% Norway 138.4 154.7 156.2 149.6 149.7 160.2 162.0 157.3 153.0 149.9 138.2 7.5% 3.5% Romania 7.0 6.9 6.8 6.6 6.4 6.3 6.2 6.1 5.9 5.7 5.4 4.5% 0.1% Russian Federation 310.8 302.9 307.4 304.3 304.8 323.3 348.1 379.6 421.4 458.8 470.0 2.7% 12.1% Turkmenistan 4.1 4.4 5.4 6.4 7.1 7.2 8.0 9.0 10.0 9.6 9.5 0.5% 0.2% United Kingdom 129.9 129.7 127.9 132.6 137.4 126.2 116.7 115.9 106.1 95.4 84.7 11.0% 2.2% Uzbekistan 7.6 7.6 7.9 8.2 8.1 7.5 7.2 7.2 7.1 6.6 5.5 16.9% 0.1% Other Europe & Eurasia 27.6 26.3 25.1 24.2 22.7 22.4 22.2 23.7 24.0 23.4 21.8 6.8% 0.6% Total Europe & Eurasia 669.4 680.0 688.7 686.5 699.6 724.7 746.6 786.0 818.9 850.2 845.0 0.3% 21.7% Iran 185.5 186.6 187.0 190.8 178.1 189.4 184.4 168.6 197.9 202.6 200.4 0.8% 5.1% Iraq 26.0 28.6 57.1 104.4 124.9 127.3 116.7 99.9 65.7 99.2 89.5 9.5% 2.3% Kuwait 104.9 105.1 105.1 107.2 98.3 103.9 101.9 98.2 114.8 122.5 130.1 6.5% 3.3% Oman 42.8 44.4 44.9 44.7 45.0 47.6 47.5 44.5 40.7 38.9 38.5 0.6% 1.0% Qatar 21.1 26.2 33.3 34.3 36.0 38.7 38.4 35.1 41.2 44.9 48.8 9.0% 1.3% Saudi Arabia 438.5 446.3 455.2 457.7 426.2 457.6 442.9 427.3 487.9 506.1 526.2 4.3% 13.5% Syria 29.6 29.2 28.7 28.6 28.8 27.3 28.9 27.1 28.0 26.4 23.3 11.4% 0.6% United Arab Emirates 111.5 115.1 120.5 123.9 117.6 123.3 118.3 108.5 122.2 124.7 129.0 3.7% 3.3% Yemen 16.7 16.9 17.7 18.0 19.2 21.3 21.5 21.6 21.1 19.9 20.1 1.3% 0.5% Other Middle East 2.4 2.3 2.3 2.3 2.2 2.2 2.2 2.2 2.2 2.2 2.2 0.1% Total Middle East 978.9 1000.7 1051.8 1111.9 1076.2 1138.6 1102.8 1033.0 1121.7 1187.3 1208.1 2.0% 31.0% Algeria 56.6 59.3 60.3 61.8 63.9 66.8 65.8 70.9 79.0 83.6 86.5 3.8% 2.2% Angola 31.2 35.4 36.5 36.0 36.7 36.9 36.6 44.6 43.6 48.7 61.2 26.0% 1.6% Cameroon 5.4 5.6 6.3 5.3 4.8 4.5 4.1 3.8 3.5 3.2 3.0 6.1% 0.1% Chad 1.3 8.8 9.1 3.0% 0.2% Rep. of Congo (Brazzaville) 9.3 10.4 11.6 13.6 15.1 14.2 14.0 13.3 12.5 12.4 13.1 5.5% 0.3% Egypt 46.6 45.1 43.8 43.0 41.4 38.8 37.3 37.0 36.8 35.4 33.9 3.9% 0.9% Equatorial Guinea 0.3 0.8 3.1 4.2 4.8 5.8 8.6 10.4 11.6 16.3 17.6 7.9% 0.5% Gabon 17.8 18.3 18.2 16.9 17.0 16.4 15.0 14.7 12.0 11.8 11.7 0.2% 0.3% Libya 67.9 68.6 70.0 69.6 67.0 69.3 66.8 64.6 69.9 75.8 80.1 5.9% 2.1% Nigeria 97.5 105.0 113.2 106.0 100.8 105.4 110.8 102.3 110.3 121.9 125.4 3.1% 3.2% Sudan 0.1 0.2 0.4 0.6 3.1 8.6 10.4 11.5 12.6 16.1 18.7 16.6% 0.5% Tunisia 4.3 4.2 3.8 3.9 4.0 3.7 3.4 3.5 3.2 3.4 3.5 3.4% 0.1% Other Africa 2.5 3.0 3.1 3.0 2.7 2.7 2.5 3.0 3.5 3.6 3.5 3.0% 0.1% Total Africa 339.3 355.9 370.4 363.9 361.2 373.0 375.2 379.6 399.6 441.0 467.1 6.2% 12.0% Australia 25.4 26.9 28.8 27.4 26.7 35.3 31.8 31.6 26.6 23.0 23.3 2.0% 0.6% Brunei 8.5 8.0 7.9 7.6 8.9 9.4 9.9 10.2 10.5 10.3 10.1 2.0% 0.3% China 149.0 158.5 160.1 160.2 160.2 162.6 164.8 166.9 169.6 174.1 180.8 4.2% 4.6% India 37.8 36.3 37.3 36.5 36.5 36.1 36.0 37.0 36.9 37.9 36.2 4.1% 0.9% Indonesia 76.5 76.7 75.7 74.2 68.6 71.5 68.0 63.0 57.7 55.9 55.0 1.4% 1.4% Malaysia 35.6 35.6 35.5 35.7 34.3 34.3 33.8 35.4 37.4 38.5 36.8 4.3% 0.9% Thailand 3.4 3.8 4.5 4.7 5.2 6.6 7.0 7.8 9.2 9.0 11.2 25.2% 0.3% Vietnam 7.7 8.9 10.1 12.1 14.6 16.2 17.1 17.3 17.7 20.8 19.1 8.2% 0.5% Other Asia Pacific 10.8 11.5 10.6 10.1 10.2 9.4 9.1 9.0 9.1 8.7 9.2 6.9% 0.2% Total Asia Pacific 354.5 366.3 370.5 368.7 365.1 381.5 377.5 378.0 374.5 378.1 381.7 1.2% 9.8% TOTAL WORLD 3280.9 3375.9 3480.9 3547.6 3479.3 3613.8 3593.7 3572.0 3705.8 3865.3 3895.0 1.0% 100.0% of which: OECD 974.4 1006.5 1019.4 1011.5 988.9 1011.1 999.6 1005.4 995.6 976.0 927.7 4.7% 23.8% OPEC 1338.3 1379.7 1448.9 1509.4 1442.3 1520.4 1475.6 1388.2 1480.8 1590.5 1625.5 2.5% 41.7% Non-OPEC 1584.2 1642.9 1670.0 1675.6 1667.1 1700.0 1693.6 1717.6 1711.4 1716.2 1692.0 1.1% 43.4% Former Soviet Union 358.4 353.3 362.0 362.5 369.9 393.3 424.5 466.2 513.6 558.6 577.4 3.7% 14.8% *Includes crude oil, shale oil, oil sands and NGLs (natural gas liquids the liquid content of natural gas where this is recovered separately). Excludes liquid fuels from other sources such as coal derivatives. Excludes Former Soviet Union. Less than 0.05%. Notes: Growth rates are adjusted for leap years. Because of rounding, some totals may not agree exactly with the sum of their component parts. BP Statistical Review of World Energy June 2006 9

Production by area Million barrels daily 90 80 70 60 50 40 30 20 10 0 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 North America S. & Cent. America Europe & Eurasia Middle East Africa Asia Pacific Oil production rose by 900,000b/d in 2005. OPEC accounted for virtually all the net increase. Russian production growth slowed. Growth in Angola, Brazil and China helped offset declines in Norway and the UK. US output also declined, in part owing to hurricane-related outages. Reserves-to-production (R/P) ratios Years 50 Years 100 40 80 30 60 20 40 10 20 0 81 83 85 87 89 91 93 95 97 99 01 03 05 0 05 World North America S. & Cent. America Europe & Eurasia Middle East Africa Asia Pacific 05 05 05 05 05 The world s oil R/P ratio declined slightly in 2005 to 40.6 years from 40.7 in 2004, although reserves continued to increase. Iran and Russia accounted for most of the increase. Reserves were 17% higher than the 1995 level; production was 19% higher. 10

Change 2005 Consumption* 2005 over share Thousand barrels daily 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2004 of total USA 17725 18309 18621 18917 19519 19701 19649 19761 20033 20732 20655 0.2% 24.6% Canada 1776 1818 1888 1913 1926 1937 2023 2067 2132 2248 2241 0.2% 2.6% Mexico 1650 1666 1767 1844 1842 1884 1899 1837 1885 1898 1978 3.3% 2.3% Total North America 21150 21793 22275 22674 23286 23522 23571 23665 24050 24877 24875 0.1% 29.5% Argentina 415 432 451 467 445 431 405 364 372 394 421 7.6% 0.5% Brazil 1498 1601 1729 1800 1879 1855 1896 1853 1785 1776 1819 2.4% 2.2% Chile 209 228 242 247 249 236 230 228 229 244 257 5.5% 0.3% Colombia 260 268 272 266 238 232 245 222 222 223 230 3.7% 0.3% Ecuador 112 125 142 145 131 129 132 131 137 144 148 2.7% 0.2% Peru 150 155 154 155 159 155 148 147 140 152 139 9.6% 0.2% Venezuela 446 426 452 475 474 496 545 594 479 525 553 5.3% 0.7% Other S. & Cent. America 1042 1062 1094 1124 1129 1126 1138 1149 1173 1188 1208 1.6% 1.5% Total S. & Cent. America 4133 4297 4535 4680 4704 4661 4739 4688 4537 4647 4776 2.8% 5.8% Austria 234 242 246 255 250 244 265 271 293 285 294 3.4% 0.4% Azerbaijan 130 116 110 116 111 123 81 74 86 92 103 11.3% 0.1% Belarus 209 197 179 175 154 143 149 145 152 153 137 10.4% 0.2% Belgium & Luxembourg 546 606 629 656 670 702 669 691 748 785 809 3.1% 1.0% Bulgaria 115 116 92 100 93 84 87 88 98 102 109 6.7% 0.1% Czech Republic 169 177 170 174 174 169 178 174 185 203 211 4.1% 0.3% Denmark 217 235 229 223 222 215 205 200 193 189 189 0.2% 0.2% Finland 208 216 213 221 224 224 222 226 239 224 233 4.2% 0.3% France 1893 1930 1948 2016 2044 2007 2023 1967 1965 1978 1961 0.7% 2.4% Germany 2882 2921 2913 2915 2824 2763 2804 2714 2664 2634 2586 1.7% 3.2% Greece 361 372 379 374 383 406 411 414 404 435 429 1.5% 0.5% Hungary 159 148 150 157 151 145 142 140 132 136 151 10.6% 0.2% Iceland 16 16 18 18 18 19 18 19 18 20 19 2.4% Republic of Ireland 118 124 136 152 172 170 185 182 178 185 196 5.4% 0.2% Italy 1987 1956 1969 1974 1980 1956 1946 1943 1927 1873 1809 3.5% 2.2% Kazakhstan 249 210 213 176 147 158 186 193 183 188 208 11.4% 0.3% Lithuania 64 66 66 76 63 49 56 53 51 54 57 4.0% 0.1% Netherlands 828 810 856 854 880 897 942 952 962 1003 1071 7.7% 1.3% Norway 212 218 223 215 216 201 213 208 219 210 213 1.8% 0.3% Poland 321 368 391 424 431 427 415 420 435 460 478 4.1% 0.6% Portugal 272 259 293 322 330 324 327 338 317 322 320 0.5% 0.4% Romania 274 260 276 242 195 203 217 226 199 230 240 4.5% 0.3% Russian Federation 3025 2686 2689 2554 2625 2583 2566 2606 2645 2714 2753 1.4% 3.4% Slovakia 69 71 72 80 73 73 68 76 71 68 73 9.6% 0.1% Spain 1177 1221 1290 1381 1423 1452 1508 1526 1559 1593 1618 1.7% 2.1% Sweden 338 362 336 338 337 318 318 317 332 319 315 1.2% 0.4% Switzerland 253 261 276 279 271 263 281 267 259 258 262 2.1% 0.3% Turkey 610 635 646 640 638 677 645 656 668 688 650 5.9% 0.8% Turkmenistan 58 65 67 75 80 79 83 86 95 103 110 6.8% 0.1% Ukraine 401 297 292 302 272 255 273 278 286 293 294 0.4% 0.4% United Kingdom 1757 1798 1752 1741 1721 1697 1697 1693 1717 1764 1790 1.7% 2.2% Uzbekistan 138 135 145 146 143 138 135 130 148 155 161 4.3% 0.2% Other Europe & Eurasia 415 462 474 459 425 402 427 453 475 482 502 4.4% 0.6% Total Europe & Eurasia 19703 19555 19738 19826 19742 19564 19743 19726 19903 20195 20350 0.9% 25.1% Iran 1227 1292 1269 1221 1243 1319 1331 1429 1513 1575 1659 5.4% 2.0% Kuwait 130 126 139 180 202 202 206 222 238 266 280 5.2% 0.4% Qatar 36 38 41 43 42 44 54 79 77 84 98 17.1% 0.1% Saudi Arabia 1272 1336 1391 1492 1504 1536 1551 1572 1684 1805 1891 4.5% 2.3% United Arab Emirates 349 347 345 283 271 255 292 320 333 355 376 5.5% 0.5% Other Middle East 1227 1232 1272 1303 1337 1379 1421 1425 1394 1407 1436 1.9% 1.8% Total Middle East 4240 4370 4457 4522 4599 4735 4854 5047 5238 5492 5739 4.4% 7.1% Algeria 198 187 187 194 187 192 200 222 231 240 254 6.0% 0.3% Egypt 474 501 531 559 573 564 548 534 550 567 616 9.3% 0.8% South Africa 427 437 445 451 462 475 488 501 513 523 529 0.6% 0.6% Other Africa 1099 1114 1145 1185 1226 1226 1239 1254 1274 1315 1363 3.6% 1.7% Total Africa 2198 2239 2308 2389 2449 2458 2475 2511 2568 2646 2763 4.4% 3.4% Australia 781 794 823 825 843 837 845 846 851 856 884 2.7% 1.0% Bangladesh 59 60 69 76 68 66 80 80 78 80 82 2.8% 0.1% China 3395 3702 4179 4228 4477 4772 4872 5288 5803 6772 6988 2.9% 8.5% China Hong Kong SAR 198 194 192 184 193 201 243 268 269 314 285 9.6% 0.4% India 1580 1700 1828 1963 2134 2254 2284 2374 2420 2573 2485 3.5% 3.0% Indonesia 820 888 963 914 980 1049 1088 1115 1132 1150 1168 1.4% 1.4% Japan 5784 5813 5762 5525 5618 5577 5435 5359 5455 5286 5360 1.4% 6.4% Malaysia 381 405 431 407 439 441 448 489 480 493 477 3.3% 0.6% New Zealand 125 127 131 131 134 134 136 141 148 150 152 1.1% 0.2% Pakistan 315 329 339 350 363 373 366 357 321 325 353 8.8% 0.5% Philippines 344 360 389 392 375 348 347 332 330 336 314 6.9% 0.4% Singapore 617 586 630 651 619 654 716 699 668 748 826 11.0% 1.1% South Korea 2009 2144 2373 2030 2178 2229 2235 2282 2300 2283 2308 0.8% 2.7% Taiwan 713 717 741 766 820 816 819 844 868 880 884 0.2% 1.1% Thailand 717 776 785 736 734 725 701 766 836 913 946 4.0% 1.2% Other Asia Pacific 245 281 298 324 331 363 383 406 400 427 445 4.3% 0.5% Total Asia Pacific 18081 18872 19929 19503 20307 20839 20998 21644 22359 23586 23957 1.5% 29.1% TOTAL WORLD 69506 71126 73244 73594 75087 75779 76379 77280 78655 81444 82459 1.3% 100.0% of which: European Union 25 13766 14060 14209 14503 14522 14402 14553 14471 14546 14687 14772 0.7% 18.3% OECD 44475 45616 46498 46592 47492 47646 47704 47687 48289 49082 49254 0.4% 59.2% Former Soviet Union 4410 3910 3890 3741 3700 3623 3627 3667 3752 3861 3936 1.9% 4.9% Other EMEs 20621 21600 22855 23261 23895 24511 25048 25926 26614 28501 29270 2.6% 36.0% *Inland demand plus international aviation and marine bunkers and refinery fuel and loss. Less than 0.05%. Notes: Annual changes and shares of total are calculated using million tonnes per annum figures rather than thousand barrels daily. Growth rates are adjusted for leap years. Differences between these world consumption figures and world production statistics on page 8 are accounted for by stock changes, consumption of non-petroleum additives and substitute fuels, and unavoidable disparities in the definition, measurement or conversion of oil supply and demand data. BP Statistical Review of World Energy June 2006 11

Change 2005 Consumption* 2005 over share Million tonnes 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2004 of total USA 807.7 836.5 848.0 863.8 888.9 897.6 896.1 897.4 912.3 948.8 944.6 0.2% 24.6% Canada 79.8 82.1 85.2 86.7 87.2 88.1 90.5 92.2 95.9 100.6 100.1 0.2% 2.6% Mexico 73.2 75.6 79.1 82.8 82.4 85.7 85.0 81.5 83.7 85.2 87.8 3.3% 2.3% Total North America 960.8 994.3 1012.3 1033.3 1058.4 1071.4 1071.6 1071.1 1091.8 1134.6 1132.6 0.1% 29.5% Argentina 19.5 20.4 21.2 22.1 21.0 20.3 19.1 17.1 17.6 18.7 20.1 7.6% 0.5% Brazil 69.2 74.1 79.9 83.2 85.7 85.8 87.5 85.5 82.0 81.9 83.6 2.4% 2.2% Chile 9.7 10.6 11.2 11.4 11.5 10.8 10.5 10.4 10.5 11.3 11.9 5.5% 0.3% Colombia 11.8 12.2 12.3 12.0 10.6 10.5 11.1 10.0 10.0 10.1 10.4 3.7% 0.3% Ecuador 5.1 5.7 6.5 6.6 6.0 5.8 5.9 5.9 6.2 6.4 6.6 2.7% 0.2% Peru 7.2 7.4 7.3 7.4 7.5 7.4 7.0 6.9 6.5 7.2 6.4 9.6% 0.2% Venezuela 20.0 19.0 20.4 21.6 21.3 22.5 24.8 27.0 22.0 24.2 25.4 5.3% 0.7% Other S. & Cent. America 51.1 52.2 53.7 55.1 55.3 55.2 55.6 56.1 57.2 58.1 58.8 1.6% 1.5% Total S. & Cent. America 193.6 201.7 212.5 219.4 219.0 218.2 221.5 219.0 212.0 217.9 223.3 2.8% 5.8% Austria 11.3 11.6 11.9 12.3 12.1 11.8 12.8 13.0 14.1 13.8 14.2 3.4% 0.4% Azerbaijan 6.6 5.9 5.6 5.9 5.7 6.3 4.0 3.7 4.3 4.6 5.1 11.3% 0.1% Belarus 10.4 9.8 8.8 8.6 7.6 7.0 7.3 7.1 7.4 7.5 6.7 10.4% 0.2% Belgium & Luxembourg 26.4 29.4 30.3 31.6 32.4 33.9 32.2 33.5 36.4 38.4 39.5 3.1% 1.0% Bulgaria 5.6 5.6 4.4 4.8 4.5 3.9 4.0 4.1 4.5 4.7 5.0 6.7% 0.1% Czech Republic 8.0 8.4 8.0 8.3 8.2 7.9 8.3 8.2 8.7 9.5 9.9 4.1% 0.3% Denmark 10.5 11.4 11.1 10.7 10.6 10.4 9.8 9.6 9.2 9.1 9.1 0.2% 0.2% Finland 9.9 10.3 10.2 10.5 10.7 10.7 10.5 10.9 11.4 10.6 11.0 4.2% 0.3% France 89.0 91.0 91.7 95.0 96.4 94.9 95.5 92.9 93.1 94.0 93.1 0.7% 2.4% Germany 135.1 137.4 136.5 136.6 132.4 129.8 131.6 127.4 125.1 124.0 121.5 1.7% 3.2% Greece 17.6 18.2 18.4 18.2 18.7 19.9 20.1 20.2 19.6 21.3 20.9 1.5% 0.5% Hungary 7.7 7.1 7.1 7.4 7.1 6.8 6.7 6.4 6.1 6.3 7.0 10.6% 0.2% Iceland 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 0.9 2.4% Republic of Ireland 5.7 6.0 6.6 7.4 8.3 8.2 9.0 8.8 8.5 8.9 9.4 5.4% 0.2% Italy 95.5 94.2 94.6 94.7 94.4 93.5 92.8 92.9 92.1 89.7 86.3 3.5% 2.2% Kazakhstan 12.0 10.2 10.3 8.5 7.0 7.4 8.9 9.3 8.8 9.0 10.0 11.4% 0.3% Lithuania 3.2 3.3 3.3 3.8 3.1 2.4 2.7 2.5 2.4 2.6 2.7 4.0% 0.1% Netherlands 38.0 37.4 39.5 39.4 40.6 41.7 43.7 43.8 44.1 46.2 49.6 7.7% 1.3% Norway 9.6 10.1 10.3 10.0 10.1 9.4 9.7 9.4 9.9 9.6 9.8 1.8% 0.3% Poland 14.9 17.2 18.2 19.9 19.9 20.0 19.2 19.4 19.9 21.1 21.9 4.1% 0.6% Portugal 13.0 12.2 13.9 15.5 15.9 15.5 15.8 16.2 15.2 15.4 15.3 0.5% 0.4% Romania 13.5 13.0 13.7 12.0 9.5 10.0 10.6 10.6 9.4 10.9 11.3 4.5% 0.3% Russian Federation 146.1 130.1 129.1 123.7 126.2 123.5 122.3 123.5 124.7 128.5 130.0 1.4% 3.4% Slovakia 3.2 3.4 3.4 3.8 3.4 3.4 3.2 3.5 3.3 3.2 3.5 9.6% 0.1% Spain 56.3 58.7 62.0 66.4 68.4 70.0 72.7 73.8 75.5 77.6 78.8 1.7% 2.1% Sweden 16.1 17.4 16.1 16.2 16.1 15.2 15.2 15.2 15.9 15.3 15.1 1.2% 0.4% Switzerland 11.8 12.2 12.8 13.0 12.6 12.2 13.1 12.4 12.1 12.0 12.2 2.1% 0.3% Turkey 28.4 29.8 30.0 29.6 29.5 31.1 29.9 30.6 31.2 32.0 30.0 5.9% 0.8% Turkmenistan 2.7 3.0 3.1 3.4 3.6 3.6 3.7 3.8 4.2 4.6 4.9 6.8% 0.1% Ukraine 18.9 14.2 13.8 14.3 12.7 12.0 12.7 13.1 13.5 13.9 13.9 0.4% 0.4% United Kingdom 81.9 83.9 81.3 80.7 79.4 78.6 78.4 78.0 79.0 81.7 82.9 1.7% 2.2% Uzbekistan 6.8 6.6 7.1 7.1 6.9 6.7 6.5 6.3 7.2 7.5 7.8 4.3% 0.2% Other Europe & Eurasia 20.3 22.4 22.8 22.1 20.6 19.4 20.6 21.8 22.9 23.3 24.3 4.4% 0.6% Total Europe & Eurasia 936.9 932.1 936.4 942.0 935.3 927.9 934.3 933.0 940.8 957.6 963.3 0.9% 25.1% Iran 59.6 62.8 61.5 59.0 60.0 63.5 63.5 67.9 71.8 74.6 78.4 5.4% 2.0% Kuwait 6.5 6.3 6.9 9.1 10.3 10.4 10.5 11.4 12.2 13.7 14.4 5.2% 0.4% Qatar 1.4 1.5 1.7 1.7 1.7 1.7 2.1 3.2 3.0 3.3 3.8 17.1% 0.1% Saudi Arabia 58.6 61.9 64.0 68.7 69.8 71.6 71.9 72.7 77.7 83.7 87.2 4.5% 2.3% United Arab Emirates 18.0 17.9 17.8 14.4 13.7 12.8 14.6 15.9 16.3 17.4 18.3 5.5% 0.5% Other Middle East 59.5 60.0 61.7 63.2 64.8 66.9 68.7 68.9 67.4 68.1 69.2 1.9% 1.8% Total Middle East 203.5 210.4 213.5 216.0 220.2 226.9 231.4 239.9 248.3 260.7 271.3 4.4% 7.1% Algeria 8.4 8.1 8.0 8.2 8.1 8.5 8.8 9.7 10.1 10.6 11.2 6.0% 0.3% Egypt 23.3 24.6 26.0 27.3 27.8 27.2 26.1 25.2 25.9 26.8 29.2 9.3% 0.8% South Africa 20.1 20.7 21.0 21.3 21.8 22.5 23.0 23.6 24.2 24.8 24.9 0.6% 0.6% Other Africa 51.9 52.7 54.0 55.9 57.9 57.9 58.3 58.9 59.8 61.9 64.0 3.6% 1.7% Total Africa 103.7 106.1 108.9 112.7 115.6 116.2 116.2 117.5 120.1 124.2 129.3 4.4% 3.4% Australia 35.3 35.9 37.0 37.0 38.0 37.7 38.1 38.0 38.3 38.8 39.7 2.7% 1.0% Bangladesh 2.9 2.9 3.3 3.7 3.3 3.2 3.9 3.9 3.8 3.9 4.0 2.8% 0.1% China 160.2 173.8 196.0 197.0 209.6 223.6 227.9 247.4 271.7 318.9 327.3 2.9% 8.5% China Hong Kong SAR 9.5 9.3 9.2 8.8 9.3 9.7 11.7 12.9 13.0 15.3 13.8 9.6% 0.4% India 75.2 81.1 86.5 92.5 100.3 106.1 107.0 111.3 113.1 120.2 115.7 3.5% 3.0% Indonesia 39.1 42.4 45.9 43.5 46.8 50.2 51.9 53.1 53.9 54.7 55.3 1.4% 1.4% Japan 267.6 268.8 265.0 253.6 257.3 255.5 247.5 243.6 248.9 241.4 244.2 1.4% 6.4% Malaysia 17.9 19.0 20.2 19.0 20.3 20.4 20.6 22.5 22.2 22.8 22.0 3.3% 0.6% New Zealand 5.8 5.9 6.1 6.1 6.3 6.2 6.3 6.5 6.9 7.0 7.0 1.1% 0.2% Pakistan 15.8 16.6 17.0 17.6 18.2 18.8 18.3 17.9 15.8 16.0 17.4 8.8% 0.5% Philippines 16.8 17.5 18.8 19.1 18.0 16.6 16.5 15.6 15.5 15.8 14.7 6.9% 0.4% Singapore 32.0 30.3 32.4 33.3 31.6 33.5 36.4 35.5 33.9 38.1 42.2 11.0% 1.1% South Korea 94.8 101.4 111.4 93.9 100.7 103.2 103.1 104.7 105.6 104.9 105.5 0.8% 2.7% Taiwan 34.7 34.8 36.0 37.2 39.9 39.8 39.2 40.1 41.1 41.7 41.6 0.2% 1.1% Thailand 34.7 37.5 37.8 35.4 35.4 34.8 33.1 36.4 40.0 44.0 45.6 4.0% 1.2% Other Asia Pacific 11.7 13.5 14.3 15.6 15.9 17.5 18.4 19.4 19.0 20.3 21.1 4.3% 0.5% Total Asia Pacific 854.0 890.8 937.1 913.4 950.8 976.7 980.0 1008.5 1042.6 1103.6 1116.9 1.5% 29.1% TOTAL WORLD 3252.4 3335.4 3420.7 3436.9 3499.3 3537.2 3554.9 3589.0 3655.6 3798.6 3836.8 1.3% 100.0% of which: European Union 25 651.5 667.1 672.0 686.5 686.3 682.6 688.4 684.6 688.2 697.3 700.4 0.7% 18.3% OECD 2055.1 2114.3 2146.3 2151.9 2188.7 2199.8 2197.6 2190.9 2223.0 2267.3 2270.7 0.4% 59.2% Former Soviet Union 213.4 189.9 187.2 181.1 177.8 173.2 172.6 174.1 177.3 183.2 186.3 1.9% 4.9% Other EMEs 983.9 1031.2 1087.2 1103.9 1132.8 1164.2 1184.7 1224.0 1255.3 1348.1 1379.9 2.6% 36.0% *Inland demand plus international aviation and marine bunkers and refinery fuel and loss. Less than 0.05%. Notes: Growth rates are adjusted for leap years. Differences between these world consumption figures and world production statistics on page 9 are accounted for by stock changes, consumption of non-petroleum additives and substitute fuels, and unavoidable disparities in the definition, measurement or conversion of oil supply and demand data. 12

Consumption by area Million barrels daily 90 80 70 60 50 40 30 20 10 0 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 North America S. & Cent. America Europe & Eurasia Middle East Africa Asia Pacific Oil consumption growth slowed to 1 million b/d in 2005, below the 10-year average. Chinese consumption growth dropped from 1 million b/d in 2004 to 200,000b/d in 2005. Oil use fell in three of the six largest consuming countries: the USA, Germany and India. Consumption per capita Tonnes tonnes per capita 0-0.75 0.75-1.5 1.5-2.25 2.25-3.0 > 3.0 BP Statistical Review of World Energy June 2006 13

Change 2005 Regional consumption by product group 2005 over share Thousand barrels daily 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2004 of total North America Light distillates 9235 9389 9560 9849 9998 10106 10211 10523 10675 10979 10970 0.1% 44.1% Middle distillates 5934 6193 6398 6450 6628 6811 6812 6655 6861 7133 7188 0.8% 28.9% Fuel oil 1336 1348 1351 1506 1415 1518 1411 1209 1271 1340 1390 3.7% 5.6% Others 4645 4863 4967 4869 5245 5086 5137 5278 5243 5425 5326 1.8% 21.4% Total North America 21150 21793 22275 22674 23286 23522 23571 23665 24050 24877 24875 100.0% of which: USA Light distillates 8025 8167 8324 8579 8716 8813 8890 9167 9275 9518 9495 0.2% 46.0% Middle distillates 5132 5342 5502 5545 5700 5852 5884 5735 5886 6116 6137 0.3% 29.7% Fuel oil 835 831 777 869 814 893 794 686 763 859 907 5.7% 4.4% Others 3733 3969 4017 3924 4290 4143 4082 4172 4109 4239 4116 2.9% 19.9% Total USA 17725 18309 18621 18917 19519 19701 19649 19761 20033 20732 20655 0.4% 100.0% S. & Cent. America Light distillates 1149 1187 1257 1274 1387 1274 1256 1233 1215 1184 1227 3.7% 25.7% Middle distillates 1474 1535 1623 1698 1684 1681 1722 1719 1723 1825 1872 2.6% 39.2% Fuel oil 734 768 827 850 740 788 751 732 690 691 704 1.9% 14.7% Others 777 807 829 858 895 918 1011 1003 909 947 973 2.8% 20.4% Total S. & Cent. America 4133 4297 4535 4680 4704 4661 4739 4688 4537 4647 4776 2.8% 100.0% Europe Light distillates 4195 4223 4282 4315 4314 4194 4085 4026 3923 3870 3758 2.9% 22.9% Middle distillates 6050 6371 6428 6630 6690 6734 6991 6935 7138 7360 7572 2.9% 46.1% Fuel oil 2283 2260 2206 2195 2093 1967 1987 1996 1953 1896 1882 0.7% 11.5% Others 2765 2792 2932 2946 2945 3047 3052 3103 3137 3208 3203 0.2% 19.5% Total Europe 15293 15645 15848 16086 16042 15942 16116 16059 16151 16334 16415 0.5% 100.0% Former Soviet Union Light distillates 941 892 922 893 858 797 851 882 917 903 923 2.2% 23.4% Middle distillates 1188 1084 1095 1026 1022 1008 1021 1048 1087 1113 1146 3.0% 29.1% Fuel oil 1359 1143 1033 1046 937 765 693 670 670 684 699 2.1% 17.8% Others 922 791 840 775 882 1053 1062 1066 1078 1161 1168 0.6% 29.7% Total Former Soviet Union 4410 3910 3890 3741 3700 3623 3627 3667 3752 3861 3936 1.9% 100.0% Middle East Light distillates 762 789 829 849 859 909 949 1011 1053 1134 1210 6.6% 21.1% Middle distillates 1443 1475 1472 1471 1502 1565 1619 1667 1715 1751 1816 3.7% 31.6% Fuel oil 1233 1261 1275 1267 1316 1312 1326 1335 1338 1415 1473 4.1% 25.7% Others 801 845 881 936 923 948 960 1034 1132 1192 1240 4.1% 21.6% Total Middle East 4240 4370 4457 4522 4599 4735 4854 5047 5238 5492 5739 4.5% 100.0% Africa Light distillates 554 552 559 568 574 577 587 590 599 613 631 2.8% 22.8% Middle distillates 866 894 924 960 1002 1029 1048 1078 1110 1134 1180 4.1% 42.7% Fuel oil 436 444 462 485 485 457 433 415 421 444 477 7.5% 17.3% Others 342 350 364 376 388 395 407 427 438 455 475 4.4% 17.2% Total Africa 2198 2239 2308 2389 2449 2458 2475 2511 2568 2646 2763 4.4% 100.0% Asia Pacific Light distillates 4400 4685 5132 5240 5416 5543 5650 5927 6154 6494 6600 1.6% 27.5% Middle distillates 6727 7180 7480 7188 7633 7765 7916 8050 8171 8650 8810 1.9% 36.8% Fuel oil 3866 3769 3818 3592 3627 3574 3413 3339 3462 3486 3526 1.1% 14.7% Others 3088 3238 3499 3483 3631 3956 4019 4327 4571 4956 5021 1.3% 21.0% Total Asia Pacific 18081 18872 19929 19503 20307 20839 20998 21644 22359 23586 23957 1.6% 100.0% of which: China Light distillates 1010 1140 1253 1280 1249 1270 1256 1352 1489 1673 1749 4.6% 25.0% Middle distillates 1011 1093 1245 1241 1467 1590 1669 1791 1945 2285 2425 6.1% 34.7% Fuel oil 679 688 736 741 771 775 780 792 880 956 899 6.0% 12.9% Others 696 781 944 967 990 1136 1167 1352 1489 1858 1915 3.0% 27.4% Total China 3395 3702 4179 4228 4477 4772 4872 5288 5803 6772 6988 3.2% 100.0% of which: Japan Light distillates 1548 1576 1646 1611 1702 1735 1720 1759 1788 1793 1819 1.5% 33.9% Middle distillates 1971 2027 1991 1949 1978 1958 1957 1930 1904 1861 1880 1.0% 35.1% Fuel oil 1135 1067 977 879 861 804 690 649 770 672 698 3.9% 13.0% Others 1130 1142 1148 1086 1078 1079 1067 1021 993 960 962 0.3% 18.0% Total Japan 5784 5813 5762 5525 5618 5577 5435 5359 5455 5286 5360 1.4% 100.0% World Light distillates 21236 21717 22541 22988 23405 23400 23588 24192 24536 25178 25319 0.6% 30.7% Middle distillates 23682 24732 25420 25423 26160 26593 27130 27153 27804 28966 29584 2.1% 35.9% Fuel oil 11248 10992 10971 10940 10613 10381 10014 9696 9807 9956 10150 2.0% 12.3% Others 13339 13685 14311 14243 14908 15405 15648 16239 16508 17344 17406 0.4% 21.1% TOTAL WORLD 69506 71126 73244 73594 75087 75779 76379 77280 78655 81444 82459 1.2% 100.0% European Union 25 Light distillates 3847 3870 3908 3929 3957 3858 3757 3688 3599 3525 3428 2.8% 23.2% Middle distillates 5488 5768 5838 6008 6096 6146 6373 6316 6495 6687 6859 2.6% 46.4% Fuel oil 1983 1952 1895 1967 1856 1720 1724 1740 1700 1668 1689 1.2% 11.4% Others 2448 2470 2567 2599 2613 2678 2698 2728 2753 2806 2797 0.3% 19.0% Total European Union 25 13766 14060 14209 14503 14522 14402 14553 14471 14546 14687 14772 0.6% 100.0% OECD Light distillates 15721 15968 16415 16728 17028 17069 17064 17391 17502 17759 17684 0.4% 35.9% Middle distillates 14777 15468 15738 15751 16110 16279 16530 16296 16682 17109 17388 1.6% 35.3% Fuel oil 5115 5036 4904 4831 4671 4642 4416 4175 4309 4218 4266 1.1% 8.7% Others 8862 9145 9442 9283 9683 9656 9694 9826 9796 9995 9916 0.8% 20.1% Total OECD 44475 45616 46498 46592 47492 47646 47704 47687 48289 49082 49254 0.4% 100.0% Other EMEs Light distillates 4574 4857 5204 5367 5519 5534 5674 5919 6117 6516 6712 3.0% 22.9% Middle distillates 7717 8180 8587 8646 9028 9306 9578 9809 10035 10744 11050 2.8% 37.8% Fuel oil 4773 4813 5034 5063 5005 4975 4904 4852 4828 5053 5185 2.6% 17.7% Others 3556 3750 4030 4185 4342 4696 4891 5347 5634 6188 6323 2.2% 21.6% Total Other EMEs 20621 21600 22855 23261 23895 24511 25048 25926 26614 28501 29270 2.7% 100.0% Excludes Former Soviet Union. Less than 0.05%. Notes: For the purposes of this table, annual changes and shares of total are calculated using thousand barrels daily figures. Light distillates consists of aviation and motor gasolines and light distillate feedstock (LDF). Middle distillates consists of jet and heating kerosenes and gas and diesel oils (including marine bunkers). Fuel oil includes marine bunkers and crude oil used directly as fuel. Others consists of refinery gas, LPGs, solvents, petroleum coke, lubricants, bitumen, wax, other refined products and refinery fuel and loss. 14

Product consumption by region Light distillates (million barrels daily) 30 Middle distillates (million barrels daily) 30 25 25 20 20 15 15 10 10 5 5 0 95 96 97 98 99 00 01 02 03 04 05 0 95 96 97 98 99 00 01 02 03 04 05 Fuel oil (million barrels daily) 30 Others (million barrels daily) 30 25 25 20 20 15 15 10 10 5 5 0 95 96 97 98 99 00 01 02 03 04 05 0 95 96 97 98 99 00 01 02 03 04 05 North America S. & Cent. America Europe Former Soviet Union Middle East Africa Asia Pacific Light distillates consumption growth was weak owing to declines in Europe and North America. Middle distillates accounted for 61% of global oil consumption growth in 2005. BP Statistical Review of World Energy June 2006 15

Nigerian West Texas Spot crude prices Dubai Brent Forcados Intermediate US dollars per barrel $/bbl* $/bbl $/bbl $/bbl 1973 2.83 1974 10.41 1975 10.70 1976 11.63 12.80 12.87 12.23 1977 12.38 13.92 14.21 14.22 1978 13.03 14.02 13.65 14.55 1979 29.75 31.61 29.25 25.08 1980 35.69 36.83 36.98 37.96 1981 34.32 35.93 36.18 36.08 1982 31.80 32.97 33.29 33.65 1983 28.78 29.55 29.54 30.30 1984 28.06 28.78 28.14 29.39 1985 27.53 27.56 27.75 27.98 1986 13.10 14.43 14.46 15.10 1987 16.95 18.44 18.39 19.18 1988 13.27 14.92 15.00 15.97 1989 15.62 18.23 18.30 19.68 1990 20.45 23.73 23.85 24.50 1991 16.63 20.00 20.11 21.54 1992 17.17 19.32 19.61 20.57 1993 14.93 16.97 17.41 18.45 1994 14.74 15.82 16.25 17.21 1995 16.10 17.02 17.26 18.42 1996 18.52 20.67 21.16 22.16 1997 18.23 19.09 19.33 20.61 1998 12.21 12.72 12.62 14.39 1999 17.25 17.97 18.00 19.31 2000 26.20 28.50 28.42 30.37 2001 22.81 24.44 24.23 25.93 2002 23.74 25.02 25.04 26.16 2003 26.78 28.83 28.66 31.07 2004 33.64 38.27 38.13 41.49 2005 49.35 54.52 55.69 56.59 *1973-1985 Arabian Light, 1986-2005 Dubai dated. Source: Platts. 1976-1983 Forties, 1984-2005 Brent dated. 1976-1983 Posted WTI prices, 1984-2005 Spot WTI (Cushing) prices. Crude oil prices since 1861 US dollars per barrel World events Pennsylvanian oil boom Russian oil exports began Sumatra production began Discovery of Spindletop, Texas Growth of Venezuelan production Fears of shortage in USA East Texas field discovered Loss of Iranian supplies Post-war reconstruction Suez crisis Netback pricing introduced Iranian revolution Yom Kippur war Asian financial crisis Iraq invaded Kuwait Invasion of Iraq 110 100 90 80 70 60 50 40 30 20 10 0 1861-69 1870-79 1880-89 1890-99 1900-09 1910-19 1920-29 1930-39 1940-49 1950-59 1960-69 1970-79 1980-89 1990-99 2000-05 $ money of the day $ 2005 1861-1944 US average. 1945-1983 Arabian Light posted at Ras Tanura. 1984-2005 Brent dated. 16